The role of science, technology and innovation in increasing the share of renewable energy worldwide

Abstract

A number of countries in the emerging markets are becoming leaders in manufacturing solar photovoltaic products. Thus, global companies are urged to compete in all stages of the supply chain for producing most of the installed solar modules around the world. Meanwhile, production costs are at record lows. The decisions made in the emerging markets will affect the course for the solar and wind industry and their role towards de-carbonization of global energy systems in the near future. Renewable energy is set of miscellaneous natural resources, which preserves non-renewable sources for further use in other sectors of the economy, and saves green energy for future eras. The way a country employs its potential in renewables will safeguard the country’s energy security and the stability of electricity prices. Renewable energy is eco-friendly, as its operation does not produce any waste, or discharge pollutants into the atmosphere or water bodies. Our paper discusses the latest achievements of various scientific areas and industries, as well as it lists specific recommendations for national sustainable actions plans. These recommendations might be useful for policy-makers, working in adopting the transformation of their country’s energy systems.